Mumbai: Foreign umbrella funds or parent organisations, incorporated in jurisdictions like Luxembourg and Singapore, will have to declare themselves as the “legal entities” of foreign portfolio investors (FPIs) trading on Indian stock exchanges. FPIs registered with the Securities & Exchange Board of India (Sebi) are often arms of offshore mother institutions. In such cases, the … Read more
Kolkata: In the wake of the fresh round of COVID-19 related restrictions announced by the Maharashtra government on April 4, the Commodity Participants Association of India (CPAI) – which is the PAN India apex association of stock and commodity brokers – has written to Maharashtra government to classify stock and commodity broking under “essential services.” … Read more
Currently, access to foreign capital markets for Indian companies is possible only through global depository receipts (GDRs), or American depositary receipts (ADRs). These require companies to be listed on the Indian stock exchange(s). While GoI has recently given a go-ahead to the long-pending demand of direct listing of Indian companies in overseas stock exchanges, detailed … Read more
The government will sell upto 20% stake in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale on Thursday to raise Rs 4,374 crore. The OFS price was set at Rs 1,367 per share, a 15.5% discount to Wednesday’s closing price of Rs 1,618. Through the OFS, the government has proposed to … Read more
Sebi has asked the stock exchanges to provide five years of trading data on GMM Pfaudler, which in August bought into the global parent. Synopsis Large quantities of shares were borrowed from the Securities Lending and Borrowing or SLB segment and sold in the market a few days before the OFS announced September 21 at … Read more
All pathbreaking moves in history have taught us that transformational changes do not occur when we just try to optimise existing facilities. They occur only when we transcend to a level where we create customer value in completely new ways – when we reimagine things in entirety. In the 1990s, we witnessed a technology and … Read more